The global demand for Clean Hydrogen Market is presumed to reach the market size of nearly USD 13.1 MN by 2028 from USD 2.41 MN in 2021 with a CAGR of 27.36% under the study period 2022 - 2028.
Clean hydrogen refers to hydrogen produced through sustainable and environmentally friendly means, typically through the electrolysis of water by using renewable energy sources such as wind or solar power. Unlike hydrogen produced from fossil fuels, clean hydrogen does not emit greenhouse gases making it a potential component in efforts to reduce the carbon footprint in energy production.
Market Dynamics
Governments around the world are increasingly supportive of clean hydrogen as a way to reduce greenhouse gas emissions and meet renewable energy targets. This support takes the form of policies and incentives, such as subsidies and tax credits, that encourage the development and deployment of clean hydrogen technologies. Moreover, as the world becomes more aware of the need to reduce carbon emissions and address climate change, demand for low-carbon energy sources, including clean hydrogen, will continue to grow. Additionally, the technological advances in the production, storage, and distribution of clean hydrogen are making it more cost-effective and accessible. Clean hydrogen is finding increasing use in a variety of industrial sectors, including chemicals, refining, and heavy transportation, due to its ability to reduce emissions and improve energy efficiency. The growing interest in hydrogen fuel cell vehicles is another driver for the clean hydrogen market, as these vehicles require a reliable and sustainable supply of clean hydrogen to operate.
The research report covers Porter’s Five Forces Model, Market Attractiveness Analysis, and Value Chain analysis. These tools help to get a clear picture of the industry’s structure and evaluate the competition attractiveness at a global level. Additionally, these tools also give an inclusive assessment of each segment in the global market of clean hydrogen. The growth and trends of clean hydrogen industry provide a holistic approach to this study.
Market Segmentation
This section of the clean hydrogen market report provides detailed data on the segments at country and regional level, thereby assisting the strategist in identifying the target demographics for the respective product or services with the upcoming opportunities.
By Technology
- Alkaline Electrolyzer
- PEM Electrolyzer
- SOE Electrolyzer
By End User
- Transport
- Power Generation
- Industrial
- Others
Regional Analysis
This section covers the regional outlook, which accentuates current and future demand for the Clean Hydrogen market across North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa. Further, the report focuses on demand, estimation, and forecast for individual application segments across all the prominent regions.
Global Clean Hydrogen Market Share by Region (Representative Graph)

The research report also covers the comprehensive profiles of the key players in the market and an in-depth view of the competitive landscape worldwide. The major players in the clean hydrogen market include Air Products Inc, Clean Hydrogen System, Cummins Inc, Toshiba Energy System & Solution Corporation, Nel ASA, SGH2 Energy, SunGreenH2, Lindeplc, Air Liquide, Engie. This section consists of a holistic view of the competitive landscape that includes various strategic developments such as key mergers & acquisitions, future capacities, partnerships, financial overviews, collaborations, new product developments, new product launches, and other developments.
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Frequently Asked Questions (FAQs) about this Report
b. The global clean hydrogen market size is expected to be valued USD 2.41 BN in 2021.
b. The worldwide clean hydrogen market growth is estimated to grow by around 27.36% from 2023 to 2028.
b. Europe occupies the highest market share in the global clean hydrogen market.
b. The global clean hydrogen market is segmented by Technology (Alkaline Electrolyzer, PEM Electrolyzer, SOE Electrolyzer), by End User (Transport, Power Generation, Industrial, Others).
b. The leading players in the global clean hydrogen market are Air Products Inc, Clean Hydrogen System, Cummins Inc, Toshiba Energy System & Solution Corporation, Nel ASA, SGH2 Energy, SunGreenH2, Lindeplc, Air Liquide, Engie.
1 . PREFACE
1.1. Report Description
1.1.1. Objective
1.1.2. Target Audience
1.1.3. Unique Selling Proposition (USP) & offerings
1.2. Research Scope
1.3. Research Methodology
1.3.1. Market Research Process
1.3.2. Market Research Methodology
2 . EXECUTIVE SUMMARY
2.1. Highlights of Market
2.2. Global Market Snapshot
3 . CLEAN HYDROGEN – INDUSTRY ANALYSIS
3.1. Introduction - Market Dynamics
3.2. Market Drivers
3.3. Market Restraints
3.4. Opportunities
3.5. Industry Trends
3.6. Porter’s Five Force Analysis
3.7. Market Attractiveness Analysis
3.7.1 Market Attractiveness Analysis By Technology
3.7.2 Market Attractiveness Analysis By End User
3.7.3 Market Attractiveness Analysis By Region
4 . VALUE CHAIN ANALYSIS
4.1. Value Chain Analysis
4.2. Raw Material Analysis
4.2.1. List of Raw Materials
4.2.2. Raw Material Manufactures List
4.2.3. Price Trend of Key Raw Materials
4.3. List of Potential Buyers
4.4. Marketing Channel
4.4.1. Direct Marketing
4.4.2. Indirect Marketing
4.4.3. Marketing Channel Development Trend
5 . IMPACT ANALYSIS OF COVID-19 OUTBREAK
5.1. Impact Analysis of Covid-19 Outbreak
5.1.1. Direct Impact on Production
5.1.2. Supply Chain and Market Disruption
5.1.3. Financial Impact on Firms and Financial Markets
5.2. COVID-19 Impact Analysis by Production, Import, Export and Demand
5.3. Market: Pre V/S Post COVID-19
5.4. Estimated Impact of the Coronavirus (COVID-19) Epidemic
5.5. COVID-19: Micro and Macro Factor Analysis
6 . GLOBAL CLEAN HYDROGEN MARKET ANALYSIS BY TECHNOLOGY
6.1 Overview by Technology
6.2 Historical and Forecast Data
6.3 Analysis by Technology
6.4 Alkaline Electrolyzer Historic and Forecast Sales by Regions
6.5 PEM Electrolyzer Historic and Forecast Sales by Regions
6.6 SOE Electrolyzer Historic and Forecast Sales by Regions
7 . GLOBAL CLEAN HYDROGEN MARKET ANALYSIS BY END USER
7.1 Overview by End User
7.2 Historical and Forecast Data
7.3 Analysis by End User
7.4 Transport Historic and Forecast Sales by Regions
7.5 Power Generation Historic and Forecast Sales by Regions
7.6 Industrial Historic and Forecast Sales by Regions
7.7 Others Historic and Forecast Sales by Regions
8 . GLOBAL CLEAN HYDROGEN MARKET ANALYSIS BY GEOGRAPHY
8.1. Regional Outlook
8.2. Introduction
8.3. North America Sales Analysis
8.3.1. Overview, Historic and Forecast Sales Analysis
8.3.2. North America By Segment Sales Analysis
8.3.3. North America By Country Sales Analysis
8.3.4. United State Sales Analysis
8.3.5. Canada Sales Analysis
8.3.6. Mexico Sales Analysis
8.4. Europe Sales Analysis
8.4.1. Overview, Historic and Forecast Sales Analysis
8.4.2. Europe by Segment Sales Analysis
8.4.3. Europe by Country Sales Analysis
8.4.4. United Kingdom Sales Analysis
8.4.5. France Sales Analysis
8.4.6. Germany Sales Analysis
8.4.7. Italy Sales Analysis
8.4.8. Russia Sales Analysis
8.4.9. Rest Of Europe Sales Analysis
8.5. Asia Pacific Sales Analysis
8.5.1. Overview, Historic and Forecast Sales Analysis
8.5.2. Asia Pacific by Segment Sales Analysis
8.5.3. Asia Pacific by Country Sales Analysis
8.5.4. China Sales Analysis
8.5.5. India Sales Analysis
8.5.6. Japan Sales Analysis
8.5.7. South Korea Sales Analysis
8.5.8. Australia Sales Analysis
8.5.9. Rest Of Asia Pacific Sales Analysis
8.6. Latin America Sales Analysis
8.6.1. Overview, Historic and Forecast Sales Analysis
8.6.2. Latin America by Segment Sales Analysis
8.6.3. Latin America by Country Sales Analysis
8.6.4. Brazil Sales Analysis
8.6.5. Argentina Sales Analysis
8.6.6. Peru Sales Analysis
8.6.7. Chile Sales Analysis
8.6.8. Rest of Latin America Sales Analysis
8.7. Middle East & Africa Sales Analysis
8.7.1. Overview, Historic and Forecast Sales Analysis
8.7.2. Middle East & Africa by Segment Sales Analysis
8.7.3. Middle East & Africa by Country Sales Analysis
8.7.4. Saudi Arabia Sales Analysis
8.7.5. UAE Sales Analysis
8.7.6. Israel Sales Analysis
8.7.7. South Africa Sales Analysis
8.7.8. Rest Of Middle East And Africa Sales Analysis
9 . COMPETITIVE LANDSCAPE OF THE CLEAN HYDROGEN COMPANIES
9.1. Clean Hydrogen Market Competition
9.2. Partnership/Collaboration/Agreement
9.3. Merger And Acquisitions
9.4. New Product Launch
9.5. Other Developments
10 . COMPANY PROFILES OF CLEAN HYDROGEN INDUSTRY
10.1. Top Companies Market Share Analysis
10.2. Market Concentration Rate
10.3. Air Products Inc
10.3.1. Company Overview
10.3.2. Company Revenue
10.3.3. Products
10.3.4. Recent Developments
10.4. Clean Hydrogen System
10.4.1. Company Overview
10.4.2. Company Revenue
10.4.3. Products
10.4.4. Recent Developments
10.5. Cummins Inc
10.5.1. Company Overview
10.5.2. Company Revenue
10.5.3. Products
10.5.4. Recent Developments
10.6. Toshiba Energy System & Solution Corporation
10.6.1. Company Overview
10.6.2. Company Revenue
10.6.3. Products
10.6.4. Recent Developments
10.7. Nel ASA
10.7.1. Company Overview
10.7.2. Company Revenue
10.7.3. Products
10.7.4. Recent Developments
10.8. SGH2 Energy
10.8.1. Company Overview
10.8.2. Company Revenue
10.8.3. Products
10.8.4. Recent Developments
10.9. SunGreenH2
10.9.1. Company Overview
10.9.2. Company Revenue
10.9.3. Products
10.9.4. Recent Developments
10.10. Lindeplc
10.10.1. Company Overview
10.10.2. Company Revenue
10.10.3. Products
10.10.4. Recent Developments
10.11. Air Liquide
10.11.1. Company Overview
10.11.2. Company Revenue
10.11.3. Products
10.11.4. Recent Developments
10.12. Engie
10.12.1. Company Overview
10.12.2. Company Revenue
10.12.3. Products
10.12.4. Recent Developments
*Note - in company profiling, financial details and recent development are subject to availability or might not be covered in case of private companies
LIST OF TABLES
- Market Snapshot
- Drivers : Impact Analysis
- Restraints : Impact Analysis
- List of Raw Material
- List of Raw Material Manufactures
- List of Potential Buyers
- COVID-19 Impact Analysis by Production, Import, Export and Demand
- Pre V/S Post COVID-19
- Estimated Impact Of The Coronavirus (Covid-19) Epidemic
- COVID-19: Micro and Macro Factor Analysis
- Analysis by Technology (USD MN)
- Alkaline Electrolyzer Market Sales by Geography (USD MN)
- PEM Electrolyzer Market Sales by Geography (USD MN)
- SOE Electrolyzer Market Sales by Geography (USD MN)
- Analysis Market by End User (USD MN)
- Transport Market Sales by Geography (USD MN)
- Power Generation Market Sales by Geography (USD MN)
- Industrial Market Sales by Geography (USD MN)
- Others Market Sales by Geography (USD MN)
- Global Clean Hydrogen Market Sales by Geography (USD MN)
- North America Market Analysis (USD MN)
- United State Market Analysis (USD MN)
- Canada Market Analysis (USD MN)
- Mexico Market Analysis (USD MN)
- Europe Market Analysis (USD MN)
- Europe Market Estimate by Country (USD MN)
- United Kingdom Market Analysis (USD MN)
- France Market Analysis (USD MN)
- Germany Market Analysis (USD MN)
- Italy Market Analysis (USD MN)
- Russia Market Analysis (USD MN)
- Spain Market Analysis (USD MN)
- Rest of Europe Market Analysis (USD MN)
- Asia Pacific Market Analysis (USD MN)
- China Market Analysis (USD MN)
- Japan Market Analysis (USD MN)
- India Market Analysis (USD MN)
- South Korea Market Analysis (USD MN)
- Australia Market Analysis (USD MN)
- Rest of Asia Pacific Market Analysis (USD MN)
- Latin America Market Analysis (USD MN)
- Brazil Market Analysis (USD MN)
- Argentina Market Analysis (USD MN)
- Peru Market Analysis (USD MN)
- Chile Market Analysis (USD MN)
- Rest of Latin America Market Analysis (USD MN)
- Middle East & Africa Market Analysis (USD MN)
- Saudi Arabia Market Analysis (USD MN)
- UAE Market Analysis (USD MN)
- Israel Market Analysis (USD MN)
- South Africa Market Analysis (USD MN)
- Rest of Middle East and Africa Market Analysis (USD MN)
- Partnership/Collaboration/Agreement
- Mergers And Acquisition
LIST OF FIGURES
- Research Scope of Clean Hydrogen Report
- Market Research Process
- Market Research Methodology
- Global Clean Hydrogen Market Size, by Region (USD MN)
- Porters Five Forces Analysis
- Market Attractiveness Analysis by Technology
- Market Attractiveness Analysis by End User
- Market Attractiveness Analysis by Region
- Value Chain Analysis
- Global Market Analysis by Technology (USD MN)
- Alkaline Electrolyzer Market Sales by Geography (USD MN)
- PEM Electrolyzer Market Sales by Geography (USD MN)
- SOE Electrolyzer Market Sales by Geography (USD MN)
- Global Market Analysis by End User (USD MN)
- Transport Market Sales by Geography (USD MN)
- Power Generation Market Sales by Geography (USD MN)
- Industrial Market Sales by Geography (USD MN)
- Others Market Sales by Geography (USD MN)
- Global Market by Revenue
- North America Market by Revenue
- Europe Market by Revenue
- Asia Pacific Market by Revenue
- Latin America Market by Revenue
- Middle East & Africa Market by Revenue
- Recent Development in Industry
- Top Companies Market Share Analysis
* Kindly note that the above listed are the basic tables and figures of the report and are not limited to the TOC.